RACE TO THE BOTTOM - Định nghĩa trong Từ điển tiếng Anh
race to the bottom (noun phrase)
Giải nghĩa:
A situation where companies or countries are trying to outdo one another by cutting costs, but end up hurting everyone involved.
Ví dụ:
The unregulated market could lead to a race to the bottom, where companies sacrifice safety standards to cut costs.
race to the bottom (noun phrase)
Giải nghĩa:
An action that leads to decreased quality or standards in order to achieve short-term advantages.
Ví dụ:
The constant price wars between supermarkets are leading to a race to the bottom in terms of food quality.
Cách sử dụng
The phrase "race to the bottom" means a situation where companies or countries try to compete with each other by cutting costs or lowering standards as much as possible in order to gain an advantage. This can result in poor working conditions, low wages, and environmental damage. It is often used in discussions about globalization and international trade.
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